A Road Map for the Markets …

Despite the lackluster dog days of summer trading in the financial markets — nearly every single market on the board is now reaching critical inflection points.

I told my Real Wealth Report subscribers all about it in my latest issue — including my specific recommendations on how to seize this moment in time.

In today’s column, I will tell you what I am seeing — plus I’ll give you a road map to help you see for yourself where the fireworks are likely to begin in each of the major markets.

But before I do, let’s take a look at the major underlying fundamental forces at work.

I’m not going to bore you with all the details, nor am I going to address the stuff of corporate earnings, balance sheets, economic stats, etc.

For in the end, traditional types of analysis don’t matter all that much today.

What matters the most today is the psyche of the financial markets and the forces they are truly responding to, each market in its own way.

I see two major fundamental forces at work impacting all markets:

First and foremost is the ramping up of the war cycles that I have been warning you about for over two years.

Just like the 1930s, the U.S. dollar is starting to show very resilient strength, due largely to frightened capital fleeing from other parts of the world, especially Europe.

Make no mistake about it: The cycles of war that I have studied — starting in my college years over 38 years ago — are real.

They are based on scientific studies of both domestic and international war data extracted from the annals of Raymond Wheeler’s studies on war and subjected to rigorous fact-finding.

They are as concrete as the seasons of the year, and they tell you, in no uncertain terms, when society is likely to be most predisposed to conflict, both domestically and internationally.

The fact is that the war cycles are now ramping up all the way into the year 2020, and with an intensity that even I underestimated.

From Russia and Eastern Europe … to Nigeria … to Iraq and Syria … Jordan … Israel and Gaza.

From the Islamic State in Iraq and Syria (ISIS) killing thousands, beheading an American journalist, and threatening many more …

To China, brazenly occupying the South China Sea, the Senkaku and Spratly Islands, hunting down oil and gas resources, ignoring territorial rights of others, ready to wage war if need be …

To Ferguson, which is merely the beginning of civil unrest in our own country.

In Monday’s column, Martin told you how it is affecting families he personally knows in riskier parts of the world.

So imagine how geopolitical turmoil could be affecting large pension funds in other countries, funds with hundreds of billions of dollars.

Or large hedge funds whose managers are now adopting new trading styles — some even avoiding the commodity markets entirely, opting instead for venture capital investment in safer shores, like the U.S.

And if all that’s happening across the oceans isn’t bad enough, the war cycles won’t stop there …

Second, the draconian war-like measures that inept Western world leaders tend to implement every time their government’s balance sheets become bankrupt.

I’m talking about how leaders in Europe and the United States wage war against their own citizens.

How they hunt down the rich and raise a battle cry for class warfare … which later backfires by widening the gap between the rich and poor, often driving the rich out of town, along with their companies and jobs.

How they target the average citizen, by camouflaging hidden tax increases (such as Obamacare and the proposed myRA retirement plan) …

And how they brazenly implement actual wealth transfers from you to government coffers, such as Europe has done in the Cyprus haircut, forcing all bank depositors to pay when banks fail …

Or how they openly endorse the IMF’s recent 10 percent wealth surtax on every citizen, already in the works in Europe … and also actively considered behind closed doors in Washington.

Then there’s all that spying going on, all that trampling of basic rights to liberty, privacy and other basic freedoms.

It’s all part and parcel of how bankrupt empires fade away into the sunset, and we will be no different.

The ultimate end may be far away. But all of this is already beginning to have an astounding impact on financial markets.

The dollar for example, has now surged to its highest levels in almost a year, defying the pundits’ call for its immediate demise.

Or crude oil, its bear market about to end any day now, as it prepares for a major move higher.

Agricultural commodities, in a severe slump, but one which will end soon, leading to new bull markets in the prices of wheat, corn, soybeans.

Then there are the precious metals, where so many investors have given up hope: Yet despite the soaring dollar, gold, silver, platinum and palladium remain poised to soar in the weeks, months and years ahead.

Finally, consider the U.S. equity markets: The resilience you see in the stock market is for real, a sign of exactly what I’ve been warning you about …

That rising domestic and civil unrest and international conflict throughout the world is extremely bullish long-term for the U.S. equity markets.

Right now, my best advice is to watch my weekly system support and resistance levels, which I outline for you below, along with some short commentary.

For gold: Basing, building a new bull market. Importantly, the bullish forces for gold will gain complete control once the yellow metal closes above $1,406.80 on a weekly closing basis. But at no time must gold close below $1,259.90 — or the bear may suddenly return.

For silver: Same. Basing for a new bull market. Major resistance: $22.24. Major support: $19.20.

For mining shares, in general, per the ARCA Gold Bugs Index (HUI): Preparing for their next legs up. Major resistance: 252.43. Major support: 202.16.

Crude Oil: Current weakness putting the finishing touches on a major bottom formation. Major resistance: $104.35. Major support: $92.35.

Natural Gas: Same as crude oil, but extremely bullish long-term, with the potential to quadruple over the next three years. Major resistance: $4.1650. Major support: $3.58 to $3.72.

U.S. Dollar, basis the U.S. Dollar Index, nearest futures (DXU4): Just like the 1930s, the U.S. dollar is starting to show very resilient strength, due largely to frightened capital fleeing from other parts of the world, especially Europe. Major resistance: 82.330. Major support: 79.055.

U.S. Broad Equity Markets: The danger of a correction is still there. But, long-term, the U.S. equity markets are headed much higher. Via the broad-based S&P 500, major resistance is at 2,032.00. Major support: 1,889.50.

And remember, you can let me know what you think about precious metals, governments targeting their citizens, or anything else right here.

Best wishes, and stay safe …

Larry

Larry Edelson, one of the world’s foremost experts on gold and precious metals, is the editor of Real Wealth Report and Supercycle Trader.

Larry has called the ups and downs in the gold market time and again. As a result, he is often called upon by the media for his investing views. Larry has been featured on Bloomberg, Reuters and CNBC as well as The New York Times and New York Sun.

{129 comments }

Allen SimpsonWednesday, August 27, 2014 at 8:57 am

All seems like a very reasonable analysis.

I am not sure why you are so extremely bullish on natural gas when there is such an enormous amount of it around, especially with new technologies like fracking.

Is your optimism re natgas tied in with the possibility of Russia reducing the flow to Europe??

Regards
Allen S.

robFriday, August 29, 2014 at 7:00 am

Larry being one of the main producers,.

Robert SeteleWednesday, August 27, 2014 at 9:04 am

When the US dollar eventually crashes (and possibly other fiat currencies too), what currencies do you see rising in value ?

someWednesday, August 27, 2014 at 9:41 am

And no word on why his predictions in the last few columns have been all wrong.

HeidiFriday, August 29, 2014 at 3:39 pm

some ….are you kidding ? Ever seen any of these ” analysts ” admitting to that ?

guerry bartonWednesday, August 27, 2014 at 10:00 am

Are you backing off your bullish stand on gold?

robFriday, August 29, 2014 at 7:02 am

and his bearish stand on equities,.

PeggyWednesday, August 27, 2014 at 10:06 am

UNG seems like an awful way to follow the price of natural gas (looking at the historical charts). Isn’t there a better way to follow the price of natural gas? I bought UNG when recommended, but then I saw how it so “un-follows” the actual price of NG, I began to question the position. Thanks.

JohnThursday, August 28, 2014 at 8:02 pm

you could try spectra energy (se), pays a dividend too!

AThursday, August 28, 2014 at 10:48 pm

Does SE look like it’s following the price of nat gas?

NeilWednesday, August 27, 2014 at 10:07 am

I’m 60 y.o. My parents told me about the Depression & I felt fortunate not to have to endure that. I do remember the 1960’s with war & civil unrest.

Your forecasts regarding wars, civil unrest, economic turmoil, decline of the US & rise of China is something I thought would affect future generations, not us.

Knowing what’s coming won’t change the events but I’m counting on RWR to help me survive financially. I missed the gold rally of the 1970’s because I lacked market insight.

Can’t thank you enough Larry.

HankWednesday, August 27, 2014 at 10:09 am

Read some articles on Global Research. Full Spectrum Dominance by William Engdahl also supports your war cycles theory. I tend to agree with your overall analysis. The question is always in regards to timing and unforeseen events which trigger significant responses.

donWednesday, August 27, 2014 at 10:14 am

This is just fear mongering. Gold isn’t going anywhere until inflation appears. We are more likely to see deflation if the fed raises rates.
War and political unrest exist at all times in human populations. Get over it. Commodities are not going anywhere but they are not good investments at the moment.
Raw land and agricultural products will always be in need.
Dividend paying stocks will always do well OVER TIME.
Fear always puts you in a position to miss rallies.

MitchSaturday, August 30, 2014 at 9:50 am

Gold may move if The BRIC countries use it to back their up and coming IMF and world bank . The fiat currencies like ours will fall by the wayside overnight.

jackThursday, September 11, 2014 at 6:52 pm

You sound like someone who has done very well in the market and maybe life !

janeWednesday, August 27, 2014 at 10:14 am

Dear Larry,
I know the smart guys like you are calling for a orderly rise in the price of gold, but what are your thoughts about a quick devaluation in dollar’s exchange rate like in 1933. Also, what would happen to gold derivative etfs, if by any chance credit default swaps got triggered?

Harold PhillipsWednesday, August 27, 2014 at 10:16 am

Have given up about 8% gains on stocks cashed in on your latest warning of correction in stocks. The stocks kept have also gone up about 8%. However my short positions are down in the up market. Overall just treading water in stocks. Gold and silver positions have offered very little excitement either.

Larry, You have been stating that the markets will have a major correction, then begin a big bull market. It now appears that you are saying that there is only a danger of correction. Help me sort this out. I got out when you began warning of a correction. Should I be in? All in?

robFriday, August 29, 2014 at 7:08 am

larry has been warning of said correction since 2009!,. had you listened, you would have totally missed the bull run,.

Mike W.Saturday, August 30, 2014 at 9:16 pm

Not true. Larry was the only one out of the Weiss group that said that the market was at bottom in March of 2009. I only wish that I had listened to him. As it was, I lost my a$$ shorting the market on Martin’s insistence that it was headed lower.

PaulWednesday, August 27, 2014 at 10:29 am

Hi Larry

Reference your precious metals predictions. I love em.Have you ever thought of getting a job with the CNN weather service. Like um..if you see 3 large clouds in the sky on a closing basis we may have rain . However if no clouds seen on a closing basis we possibly wont. Ha love it Larry !!

FrankyWednesday, August 27, 2014 at 10:43 am

So now larry is saying he’s not sure PM bottomed, but yet he’s saying it must not breach a certain price level, not “won’t”. He said the stock market will have correction first and yet only reminds the readers what he said about bullish trend going forward “after” the correction, now that he is wrong.

chasWednesday, August 27, 2014 at 10:59 am

I would like to hear the response to the comments posted, where can they be found?

DebbieWednesday, August 27, 2014 at 11:20 am

Other than Metals, Oil & Gas, Pharm & Medicals….should we be selling off equities or holding on to them…..I’m reading such MIXED messages.

FrankyWednesday, August 27, 2014 at 11:37 am

According to him, you should hold oil, gas, and precious metals, but sell equities until the correction ends (around 13,500), He is 100% sure that PM will bottom this year and two weeks ago he called a bottom. So even tho 2014 has some way to go still, his stance is that the metal can go only higher. Skipping his every Monday post however, he now says he’s not sure PM bottomed and that stock will correct down to 13,500 – 14,000 level (before going to 30,000). It’s absolutely confusing and surprising from my perspective that Larry’s conviction gets shaken this easily.

PaulWednesday, August 27, 2014 at 11:54 am

Thats because dear old Larry has no more idea about where the markets are going than we do. lovely guy though. geopolitical situation is ratcheting up but gold drifts lower. inflation only on the horizon and dollar rising all anti gold. Rumour has it that Paulson,Soros and Rothschild are accumulating but that means more lower prices before the eventual rise.

PaulWednesday, August 27, 2014 at 2:02 pm

Ha ha so is Larry

JeffWednesday, August 27, 2014 at 11:26 am

I think Larry Edelson is just guessing, like the rest of us. He is all talk, and his recommendations are generally wrong, and cost his subscribers a lot of money. He is only a brilliant trader in his own mind.
Last year he said the gold market was about to emerge from its downturn, and turn sharply up. It never happened.
This year he says the gold market is about to resume its bull market, and go to $5,000 oz by 2016. It still can’t climb above $1,400 oz & is currently dropping again slowly.
He says the DJIA is going to 31,000 by 2016 – 2017, but should drop by 15 – 20% in the next 10 months. But he’s hedging his bet on that too.
Always hedging your bets, Larry. That’s no way to be a great trader, and recommend trades to the small investor who looks to you for guidance.
Get your act together before you take our money.

peterSaturday, August 30, 2014 at 11:21 am

Come on, give him a break. If every call is right on, then we are no trader, we are call “god”.

Rain CoastWednesday, August 27, 2014 at 11:29 am

“For in the end, traditional types of analysis don’t matter all that much today”.

I totally agree there with you Larry. The entire global economy is in uncharted waters. For anyone to attempt any type of “traditional analysis” is an exercise in frustration, considering the amount of criminal economic activity on a global scale that goes uninvestigated, let alone unprosecuted!

Personal ownership of physical gold and/or silver is the ONLY wealth insurance available. All the rest that is paper based, has third party risk writ large. Your predictions are great entertainment and some hit close to the mark, but then again when throwing grenades or horse shoes, being close also counts!

MitchSaturday, August 30, 2014 at 9:55 am

Right on. We are in uncharted waters. Do not forget to have plenty of ammo, guns, food, medical supplies.

swedeWednesday, August 27, 2014 at 11:38 am

what about graphite,ngphf. thanks.

Frank JohnsonWednesday, August 27, 2014 at 11:54 am

So a close on the price of gold below 1,259.90 would mean that you have been dead wrong in saying that gold has bottomed? And that the bear market has resumed? I marvel that a specific price, such as that one, can turn the outlook for gold completely around. When you called the bottom for mining shares your number one pick was IAG. But you put a stop loss on it, which was hit–meaning that every one of your followers lost money on the trade if they used your stop. But the surprising thing to me was that you recommended a reentry in IAG if it went on falling and was available at a lower price than the stop.(which so far it has not).
Should not the stop price, if hit, indicate that IAG was now in a bear market and thus should be avoided instead of repurchased? What is the theory of stop losses in a market which you believe is headed higher sooner or later? I also bought IAG on your recommend,but am still in it, because I’m not aware that its fundamentals have changed since your original recommend. Have they? Isn’t that supposed to be the purpose of a stop loss price–to signal that the fundamentals have changed and therefore get out and stay out?

PaulWednesday, August 27, 2014 at 11:59 am

Exactly Frank. Larry predicts gold going to $5000 in a year plus. So why not just go 100% JNUG ??

HeidiSunday, August 31, 2014 at 4:38 pm

Paul – that is NOT true – don’t make it worse what he is saying – Larry never said gold to $ 5000 in a year plus but he said Gold to $ 2500 by April 2015 ..that’s bad enough – but $ 5000 he had for 2016 / 2017 . But what is really bad here if people believe him – $ 2500 for next April – that will ruin these people …has Larry ever thought of that ? Ruining peoples live financially ? Maybe Larry can think about that when he comes out with his next HYPE just in order to sell his subscriptions .

FrankyWednesday, August 27, 2014 at 12:02 pm

>>So a close on the price of gold below 1,259.90 would mean that you have been dead wrong in saying that gold has bottomed? <<

Exactly my point.

HeidiSunday, August 31, 2014 at 4:59 pm

Frank – I watched the action on IAG when Larry talked about it and it hit $ 3.00 – $ 3.50 and the volume was tremendous over 20 mill . on June 3 and the 4th . I went back to IAG’s price for the low in 2008 ( Oct. 2008 ) I assume ( !!!) that’s why it was bought so heavily …gold in late 2008 was around $ 700 – IAG lowest price was $ 2.22 then – with gold still in the $ 1200 range these days – most realized that $ 3 – $ 3.50 was a bottom price . No reason to put a stop loss on it… as it was proven .
The same happen to PAAS when it hit $ 10 … that’s the price from 2008 – same thing with SSRI and all of these stocks are up these days . Check your favorite stock and see if it is back to the 2008 price … it’s a bargain for sure . Too bad Mr. Larry did not know about this .

PaulWednesday, August 27, 2014 at 11:57 am

Rumour has it that Paulson,Soros and Rothschild accumulating more gold but that means lower gold price until they have achieved their goals . Then comes the eventual rise. but the timeframe…anybodys guess.

Max CarozzaWednesday, August 27, 2014 at 12:31 pm

Larry,
For many, many months you have talked of giving us a handful of select miners who
will do well & fantastically well.

WHEN WILL WE GET THESE FROM YOU ?

HOPEFULLY SOON, THANK YOU

JIWILLISWednesday, August 27, 2014 at 12:31 pm

I had a long talk with our state representative Bubba Chaney about a law he voted for to enable law enforcement to arrest parents whose children have 5 unexcused tardies. His defense was to ask me if I knew anyone who had been arrested. I asked if he could wait a moment while I wrapped my head with duct tape. I asked if the state that incarcerated more of its citizens than any in a nation gone made with imprisoning its people needed to make it possible to arrest law abiding citizens who’s children are late for school. Also I questioned the constitutionality of arresting a person for the sins of another. Talk about government gone mad!

PaulWednesday, August 27, 2014 at 12:37 pm

Larry, please, tell us (through RWR) what you consider are the other good miners, besides IAG, that you will be recommending? I mean the ones with good fundamentals and able to weather a storm? I think I would like to place my bets now and sit back and wait for events.
Also, I understand Barrick Gold is the biggest miner and one which has very sound fundamentals, but I have never heard you mention it. Is there some reason for that?

Gus StamWednesday, August 27, 2014 at 12:37 pm

Dear Larry, I an worried about holding my gold stocks in my brokers account . Will it be safe. Is there anything I can do to be safer. Thank- you Gus

franklinWednesday, August 27, 2014 at 12:41 pm

so larry, I detect you’re a bit more tentative, there’s a little less bravado. are you tasting a little humble pie?

Verne CollierWednesday, August 27, 2014 at 12:50 pm

Larry:
You are doing great. Keep up the good work!
Verne

JeffWednesday, August 27, 2014 at 12:57 pm

Larry,

Once again, you manage to hedge your predictions. Gold is getting ready to soar, you say, but if it closes below $1,259.90, then the bear will be back. Give me a break. You are covered no matter what happens. And you will be the first to let everyone know it.

PaulWednesday, August 27, 2014 at 1:59 pm

Sad but true…

peterSaturday, August 30, 2014 at 11:27 am

Yes Sir, head i wins, tail u lose. Shame on you.

danielWednesday, August 27, 2014 at 1:01 pm

Hi LArry im from Argentina and may be for that i dont understand what you mean “at no time must gold close below 1259 ”
Thanks
Daniel

PaulWednesday, August 27, 2014 at 1:58 pm

It means Larry hasnt got a clue as he doent know either..

dragon2012Wednesday, August 27, 2014 at 3:10 pm

Larry is a soup merchant
If you listen you will end up at the soup kitchen

Chuck LeechWednesday, August 27, 2014 at 1:23 pm

I am disappointed Larry. You have changed your opinion so many times on gold and a potential market correction that I can no longer even keep track of the occasions. You were calling for a market correction 6 months ago….not as a possibility, you were saying it was going to happen. Get out of the market you said! Now today you say a correction is still a possibility. What a difference! Complete softening of your stance , plus you let 6 months go by being out of the market while it has been going up! As far as gold, on July 2 you spoke in your article of “minor resistance at $1330 should not be much of an issue, but may temporarily halt gold on its way to $1355”. Now you revert back to your same wishy-washy statement of gold is “basing” before taking off. I do not ever want to read again of you calling all the major tops and bottoms in the gold market. You have done no such thing over the last three years.

PaulWednesday, August 27, 2014 at 2:08 pm

In January of this year as gold was about 1200 and started to rise Larry said, ‘Stay out of gold or you will lose your shirt on this rally’ So I did and missed out on a $150 rise….Thanx a load larry that could have recouped all my losses on your rec seabridge gold.! Oh well thats life I suppose..

TorstenWednesday, August 27, 2014 at 5:04 pm

It was worse than that. He emailed subscribers to stay short cause it’s just a sucker rally building energy for the big drop – instead it lifted big to the upside, LOL!

Shorting on a double bottom – and Larry claims to have called every major turn in the gold market since 1970’s, LOL! Very questionable track record, watch out for charlatans out there (hint hint)

Many of the smaller miners doubled in price during that run while Larry’s subscribers got crushed on the short side.

And if that weren’t enough, in a webinar a few months later those patterns he called “sucker rally’s” he now was saying were very bullish patters – “see how they are building steps ups” – LMAO!

Some interesting insights but never money made here.

Gary W.Wednesday, August 27, 2014 at 1:31 pm

Larry (& other readers):http://www.cnbc.com/id/101950613 This article, (video on CNBC) is worth a quick read. Submitted by an analyst in the days following the first close over 2000 points by the S&P 500 market. I cannot escape the notion that the market needs a good correction, no matter how much money is being driven to the world’s reserve currency (for now) by War Cycles, etc.

Richard DohackWednesday, August 27, 2014 at 2:29 pm

I have been a stalwart follower of Larry Edelson for many years, but your credibility is getting more difficult to accept. Just a couple of weeks ago you advised us to dump all our US and European equities before the big correction. Foolishly, I did. But that’s not the big thing. In the spring of 2013 you told us gold was ready to make its bull move, probably by August. Then you said October. Then you said January and since January the turn was supposed to be (always) coming very soon. The old saying, “If you keep saying the market will go up (or down) eventually you will be able to say, ‘See, I was right’ ” If we don’t soon see the correction in the equity market that you have been predicting I’m going to give up on you.

JoeWednesday, August 27, 2014 at 2:36 pm

Humm.. through curiosity, I started off reading a few comments, winding up with about half. Unfortunately, I didn’t’ realize how many would be in my boat.
However, of all the topics you addressed, I know WW lll is about 5 – 7 years away. And rightfully so it wasn’t mentioned that the death rate will be one third of the world population.
Getting back on course, I would like to see a firmer recommendations of what stocks to hang on to even if the metals slide to their lows. In addition, how about natural gas recommendations to watch till you hit the button to buy. Back in the beginning of June one of your peers, recommended HYGS which was up to 74% but has backed down a bit over the last eight day. Larry, I don’t know about the rest here, but I know you will eventually be correct.

ChristopherWednesday, August 27, 2014 at 3:00 pm

Larry,

I’d like to know more about the 10% Wealth Tax and how we can protect ourselves if at all possible. Is this a wealth tax on any deposits over $100,000. or is it your net worth (total wealth) on a financial statement. i.e. Assets minus Liabilities equals Net Worth. i.e. If someones net worth is $1,000,000. will there be a $100,000. tax on that net worth?
Please give some clarification or at least your take on what you see happening.
Thank you for sharing your knowledge with all of us.

ChristopherThursday, August 28, 2014 at 9:30 am

It’s true Dragon2012 but I throw it out there anyway in hopes of an answer.

MitchSaturday, August 30, 2014 at 10:01 am

Right on. We are in uncharted waters. Do not forget to have plenty of ammo, guns, food, medical supplies.

ED STEWARTWednesday, August 27, 2014 at 4:06 pm

Hi Larry,

Hope you eventually are proven right about all your gutsy calls over the last year! You do put your neck on the line even if profits aren’t realized. Even if things don’t happen as you say, you will have given us a valuable lesson in patience!

TorstenWednesday, August 27, 2014 at 5:08 pm

Isn’t that what every newsletter sellers does?! Then when one batch of subscribers leave for losing money the next batch show up on the conveyor belt – lather rinse repeat.
But hey their theories sounded fascinating.

wertrWednesday, August 27, 2014 at 11:07 pm

I have followed Larry’s columns for a good number of years because of his stated track record. I wanted to see this for myself. I have been cured of Larry – his predictions have not panned out in the years I’ve been reading him. Why do I still read – entertainment value and also making sure to tell people not to trust everything he says – actually most of what he says.

PaulThursday, August 28, 2014 at 4:01 am

Ha yeah. I just read larrys guff for the entertainment value now

MarkThursday, August 28, 2014 at 9:48 am

Wertr – Larry’s track record in of its self is very questionable.

Exhibit A – Just one of Larry’s claims to fame is calling the 1987 crash, well here he is in this recent video saying that nobody could have made such a prediction, including himself:

When I confronted him on facebook he said he did make the call just not publically – LOL!. So what he whispered to himself in front of a mirror!?
Then he deleted my post and blocked me.

HeidiThursday, August 28, 2014 at 9:22 pm

Mark ….Larry also called himself ” the original Gold Bug ” …..sure he did …at home .
James Dines came out with that in the 1960’s / 1970’s .
What is it with these guys ? Ego trip ? Why ?
I can’t believe that so many people are complaining here or was it always like that ?

PaulThursday, August 28, 2014 at 4:02 am

And our money (whats left of it)

PaulThursday, August 28, 2014 at 4:04 am

and our money…

DenisWednesday, August 27, 2014 at 5:01 pm

Larry – This week: The danger of a correction is still there. But, long-term, the U.S. equity markets are headed much higher. Via the broad-based S&P 500, major resistance is at 2,032.00. Major support: 1,889.50.

Last week:First, the U.S. broad equity markets, as expected, have bounced. But that’s all it is, a bounce. A 20 percent swoon in the Dow lies dead ahead.

Which is it?

PaulThursday, August 28, 2014 at 4:04 am

Ha why are you asking Larry

Charles BowerWednesday, August 27, 2014 at 5:03 pm

Larry: I have been reading that the government is buying up ammunition because they see that the collapse of the dollar as being imminent, so this ammunition is in preparation of the expected civil strife. Would love your comments. Do you think this is true?

PamelaWednesday, August 27, 2014 at 10:25 pm

Larry,
In TOTAL agreement with you. I am very long gold, silver, platinum, palladium, agricultural commmodities which I hold and do not trade. Short the Euro and the Yen as it is not if, but when!
Kudos!

RobertWednesday, August 27, 2014 at 10:29 pm

I’d bet you never thought this “comments” section would become a bitch and whine blog, did you, Mr. Edelson??
…but rightfully so!!…….If you can’t even manage to get the “freebie” predictons right, how can you expect anyone to actually waste their money on your subscription services??
…And escalating “war cycles??” …Korea, Vietnam, Granada, the Falkland Islands, Desert Shield, Desert Storm, Afghanistan, Iraq, to name a few……and when have they NOT been fighting SOMEWHERE in the Middle East??? ….All this since WWII….You could have predicted war at any time, and you would have been right! But the markets do not care! They continue marching boldly upward, completely oblivious to any of the ISIS, ISIL, Ukraine-Russian “geopolitical tensions”…..until it’s time for them to go down. And that time is anybody’s guess….

DonWednesday, August 27, 2014 at 10:49 pm

Talk to us about ECU slowing and even disinflation there. Will the war cycle over arch that even on the near term–one to two years out??

LEFEVER ALEXThursday, August 28, 2014 at 12:07 am

Hey Larry you have disappoint me so mush Buy advice IAMGOLD TILL $4 stoploss 3,45
if you are shure gold will go up the lowest point for IAMGOLD was $3 wath different make it then to be 1 or 3 months on the losing side if you dont sell NOW you risk to pay more for IAMGOLD or missing the boot ,; SOME DAYS YOU are compleet wrong
alex

Larry,
You were completely wrong about gold when I bought your gold and silver trading service in June 2013 and even admitted that your track record sucked. Glad I didn’t buy back in June 2014 as you completely contradict your self about were gold is headed every time you write one of your articles. I’m sure your record has sucked so far in 2014 as well and your paying customers are probably leaving you in droves!

PaulThursday, August 28, 2014 at 4:06 am

Including me

HeidiThursday, August 28, 2014 at 9:12 pm

Bill….how come you write this – see your comments above – while others send THANK YOU notes to Larry ? Ha…your last words..” probably leaving in droves ” ….I just did. I’m done . Watching from the sidelines will be good enough .
And don’t forget an analyst is an educated guesser …. that’s all.
Ciao

MitchSaturday, August 30, 2014 at 10:05 am

If Analyst were sooooo right, they would not have to work for anyone or sell anything. They would be rich by their own actions and have need of no one. Except God.

HowardThursday, August 28, 2014 at 7:33 am

It’s a tough crowd. What’s even tougher is that they are not paying attention at the moment. You are missing some important developments.

TomThursday, August 28, 2014 at 8:56 am

LARRY THANKS YOU FOR CALLING THE THE SELL OFF IN GOLD TO THE TEE THE LAST YEAR AND NOW TIME TO GET BACK IN MOST GOLD GUYS MISSED IT YOU HAD IT RIGHT ON THE MONEY.

someThursday, August 28, 2014 at 9:58 pm

This is so patently false. Yelling it doesn’t make you right.

RONThursday, August 28, 2014 at 12:32 pm

BASED ON YOUR RECENT COMMENTS, “Agricultural commodities, in a severe slump, but one which will end soon, leading to new bull markets in the prices of wheat, corn, soy- beans,” WHAT ARE THE BEST ETF’S TO INVEST IN AT THIS JUNCTURE.

TODDThursday, August 28, 2014 at 2:44 pm

Larry, thank you for your insights in these troubling times. You do a great job!

What I would like to know is what you think of James Rickards new book “The Death of Money: The Coming Collapse of the International Monetary System.” He seems to believe that a “collapse” is coming very soon, but you’ve indicated that it’s not going to happen for a while, at least not over the next 3 years, or so. Rickards also seems to be favoring a deflationary collapse, but you favor an eventual inflationary collapse . . . right? He also says that ETFs like GLD are a bad scene, characterizing them as “inverted pyramids” based on small amounts of actual metal, and lots of paper promises that cannot possibly be fulfilled. But you’ve said that ETFs, like GLD, are fine. Where would you tend to agree with Rickards, and where would you tend to disagree? Where is he wrong?

robFriday, August 29, 2014 at 7:09 am

Larry,. have you ever considered running for president?

JonFriday, August 29, 2014 at 7:51 am

Lets not forget the natty gas recommendation ect that dropped like 50% within a few weeks of Larry recommending it.
He does seem pretty pathetic. All this bullishness on equities and yet the last 4 yrs his index recommendations have been tza and spxu

MarkFriday, August 29, 2014 at 10:36 am

Larry might have some interesting insights and perhaps at some point he maybe correct on a thing or two, but market timing is everything and I assure Larry can’t trade worth crap.

His Gold Silver “Trader” service is bogus with a misleading title. You know something is not right when you get a customer service rep instant messaging you if you would like to sign up for it, and it’s not cheap.

How does a supposed 30 year gold trading veteran, whose apparently called every major turn in the gold market (as he claims), miss the double bottom and big rally in gold and especially the miners from Jan-March 2014. In addition to telling his subscribers to short it.

Just surreal!

MarkFriday, August 29, 2014 at 11:18 am

In addition to the above, when I was with Larry’s service every trade recommendation was stopped out, sometimes within a day or two.

And ones that did have some momentum there was never a sell to take a profit, then eventually it to would get stopped out.

HeidiFriday, August 29, 2014 at 3:26 pm

That just shows you that you have to apply your own thinking – gut feeling . Larry is not really your broker ! What do you expect for $ 7 a month subscription ? Unless of course you are part of his trading subscription …that’s a diff. story . But I noticed that with IAG as well . His stops are usually wrong . When he said silver at $ 19.20 is a sell I thought – how stupid…it’s a buy and it was … even if it only last for a few days / weeks .

MarkFriday, August 29, 2014 at 3:54 pm

I was talking about the $1500 a year GS “Trader”

What difference does it make what you pay – should he be giving crappy advice for $7 and good advice for $120 a month, no. Perhaps RWR was designed for those who lost everything in the GS Trader – and can only afford $7/month LOL.

Although there is nothing funny about it – you can have a guy feel like not shorting a double bottom but when the advisor of your expensive subscription is repeatedly reminding you for 3 weeks it’s only a sucker rally building energy for a big take down then how do you think that affects you psychologically?

Then 3 months later in his webinar he’s telling people those are bullish patterns that which he called sucker rally’s before.

You would expect more from a 30 year gold trading veteran.

HeidiFriday, August 29, 2014 at 11:20 pm

Mark …his interesting insights I get from Martin Armstrong several times a week…free. All he has to do grab headlines and copy some – add his own comments..vola ! If his trading record is bad … that is lousy . He had SA last summer as a buy at $ 12 and it went to $ 17 ..all he said stop loss at $ 8 or something like that . I thought he would say sell at about $ 17 …he let it drop to his sell stop and never mad a profit … just like IAG this summer . SA went to mid $ 6’s and is back at $ 11 . Got to do your own thing ….for sure .
So much …. I’ll watch it for you .

PETERFriday, August 29, 2014 at 12:03 pm

Larry,
I can’t help but wonder why the biggest story in Gold is being pushed to the side lines as though it were of no importance. I believe the fact that the US could not return the Gold it was purportedly holding for the German Government, to be the canary in the Gold mine.

First off, the US said it would take three years to return the Gold it had in safe keeping for Germany, when it could have been done in three months and now there will be no more talk of returning said Gold to Germany. In part it was covered up by saying that relations between Germany and the US were strained over the wire taping incident of Angela Merkel’s phone. The real is issue was the US’s inability to return said Gold.

Merkel had to face the wrath of her own voters in order to initiate the return of the Gold and now, even in the face of all the domestic pressure, she has bowed to US pressure and backed off, perhaps even putting her own political future in dire straights.

Why, because if the US admits that it cannot return the Gold, can you imagine the mess in the financial markets. It’s the biggest story of the day and it is being swept under the rug! Why would the US Treasury refuse a request by Ron Paul to have an audit of the US’s Gold reservers?

Just find it hard to believe that more experts have not been able to add one plus one.

What say you.
Thanks,
Peter MacAllister

MitchSaturday, August 30, 2014 at 10:13 am

Hi Pete. You hit it right on the head. USA has no gold. worthless paper is all. Because countries rely on each other in trade, they keep their mouths shut, however, the BRIC countries will burst the bubble with a new reserve currency in the future. They may back with gold in that currency, I believe, and flush all fiat down the toilet.

Mr. B.H. DennisFriday, August 29, 2014 at 2:42 pm

Hello Larry. What is your thoughts on Emergency food. With FEMA sending letters to the food maker of emergency foods? Thanks Blant

AnthonySaturday, August 30, 2014 at 9:28 am

Do you think silver bullion will rise above the $48 mark this year? Thanks

HeidiMonday, September 1, 2014 at 2:10 pm

Anthony …are you for real or do you live in Lala land as well as so many others ? Did Larry talked about silver to ABOVE $ 48 in 2014 …anywhere ? Do you read any of Larry’s stuff ? Even Larry wouldn’t go that crazy . Of course this could be just another silly question from another silly ( or dumb ? ) reader .

MarkTuesday, September 2, 2014 at 10:46 am

Not silly Heidi just what happens when people get brainwashed in the PM community.

The finance industry always depends on a steady stream of newbie’s to buy tops and sell bottoms.

ianSaturday, August 30, 2014 at 10:35 am

UK calling,I cant believe the bitching going on here,some good some bad,to the point,Its your money think wisely,I don’t give a damn who reco. a ticker I go to the charts and see for myself,if it looks dodgey,stay away,if it looks good take a small position,look for support and res,and take it from there.My stops are always tighter than what is rec.Being a good Scot,ma mither,taught me never to lose your money,.I try!

Please listen up people!! Thomas Edison gave a speech before a large audience. When he had finished a woman inquired why it took him so many experiments just to create only one incandescent light bulb and so he must be among the biggest failures who ever lived?. Mr. Edison’s response was to explain to the lady that he didn’t think he was a failure at all, because he was also the inventor of multiple ways not to make a light bulb. Then he emphasized to her that “not on person on this planet knows even one millionth of 1% about anything!” Isn’t it about time we all took Mr. Edison to heart and realize that none of us by Mr. Edison’s standard knows much of anything about anything? Give Larry a break people and realize he can only know so much about what he wants to know to help us all but he too has his human limitations like the rest of us especially because like the rest of us he hasn’t yet received his crystal ball. In the meantime let’s at least have consensus to know that we all want what’s best for our individual finances plus what’s best for OUR Nation’s future. That’s a goal we can all agree upon I hope and keep it in our main focus even though we are all limited in knowing “EXACTLY” what to do at all times in this process. One of my main focuses has been on Article 1; Section 10 of OUR US Constitution which mandates gold and silver coins (specie) only as OUR money supply but we have instead the paper aristocracy known as the Federal Reserve System. Had we acknowledged and stood by Article 1; Section 10 there could not have been a Federal Reserve System nor a Bretton Woods Agreement of 1944 by which President Nixon on August 15, 1971 found reason to close OUR US Gold Window. Through closing OUR Gold Window we as a Nation from my perspective have lied and cheated those holding the US $ back then as though they had a claim check on gold at $35 per troy oz. and thus had they gained possession of all of OUR Nations gold would now have that same gold worth almost $1,300 per troy oz. plus any future price appreciation their possession would represent. (Had OUR gold as mandated by Article 1; Section 10 of OUR US Constitution been in effect, OUR gold would have been in OUR possession and not available for use under Bretton Woods plus the Federal Reserve System can not print either gold or silver coins can it?) Sense they were taken and lied to about the promise of gold redemption, they have nicked named the United States The GREAT SATAN according to their bible; just like we accuse SATAN of being a liar and cheat in OUR own bible here at home. The point is nobody likes being lied to or cheated do they? It comes under the banner: “WHATSOEVER YOU WOULD THAT MEN WOULD DO TO YOU DO THAT TO THEM!!” given to the World by Jesus over two thousand years ago. That universal law of cause and effect has been and is till today being broken and there is always consequences unintended or not. Too many people in this day and age regard the creation of war cycles as opportunities from which they can opportunistically make money. This is not connected though to creating discipleship of love throughout all nations is it?

NOTE: The US $ on its’ face use to read: This not is legal tender for all debts both public and private “and is redeemable in lawful money (gold) at the US Treasury or any Federal Reserve Bank”. Today the US $ only reads: This note is legal tender for all debts both public and private but without the redemption clause being inserted. This would not be the case that the paper $ would be redeemable in gold, if we the people had that gold which is suppose to be OUR gold in OUR pockets would it? Let’s not forget OUR US history regards silver, because we use to have silver certificates also redeemable in silver likewise. Both of these redeemable notes are now long gone from everyday use.

Without energy, we’re just cave dwellers. No one can nail it right every time but Larry’s been close.
Concern #1: Loss of our currency as world reserve. Kissinger made a deal with the Saudis in the 70’s. Saudis to sell oil ONLY in US dollars and US would provide security. The empty chair stabbed the Saudis in the back by pulling our security support. Now, oil is traded in Rubles and Yuan. The Russians and the Chinese are pushing hard on this idea.
Concern #2: A major event to dwarf 911. Recently, a man dressed like Osama Bin Laden walked across the border into the US and no one even saw him. It was done to prove that the open border is truly open. Just remember one thing. When terrorists are a minority, they scream about minority rights. When they are a majority, there are NO minority rights.
Concern # 3: Cyber attacks on our financial system. Like Einstein said, for every action, there is an equal reaction. For every firewall, there is an open door.
Concern #4: Only 9% of US leadership has any business experience at all, the lowest of any administration in recent history. But, they can’t stop the drilling on private lands in the Dakotas which is a good thing. So, their solution is bigger government. It will not work, no matter how much money they spend.
All in all, the resilience of the American people and their desire to live free or die will overcome the policies implemented by the Prince of fools. The problem is to convert the ideology of the fools that elected him

PeterWSaturday, August 30, 2014 at 11:02 am

Democracies provide an illusion of Justice, and like all empires, greed causes them to rise, and greed causes them to fall. The US is the leader of the Democracies, as they have applied the principals most diligently.

Democracies are more cleverly designed, than the structure of the Mafia. Thus more successful.

Democracies are in the curve of degradation – entropy. The critical mass point, causes the prospect of Linear events, to be replaced by non-linear events.

Thus Gold will be of value, but not in a linear event line.

The Rich, if they were smart, would be pounding on my door, asking for help at any price, this includes Nations.

PeterW

PaulSaturday, August 30, 2014 at 11:09 am

I tend to agree with you. It’s an interesting way to express it.

Adam MartinSaturday, August 30, 2014 at 11:20 am

Larry, thank you for your insights in these troubling times. You do a great job!
What I would like to know is what you think of James Rickards new book “The Death of Money: The Coming Collapse of the International Monetary System.” He seems to believe that a “collapse” is coming very soon, but you’ve indicated that it’s not going to happen for a while, at least not over the next 3 years, or so. Rickards also seems to be favoring a deflationary collapse, but you favor an eventual inflationary collapse . . . right? He also says that ETFs like GLD are a bad scene, characterizing them as “inverted pyramids” based on small amounts of actual metal, and lots of paper promises that cannot possibly be fulfilled. But you’ve said that ETFs, like GLD, are fine. Where would you tend to agree with Rickards, and where would you tend to disagree? Where is he wrong?

WarrenSaturday, August 30, 2014 at 1:57 pm

Hi Larry;
I’ve been looking at an 8 year gold chart and it concerns me. It looks to me like we had a 3rd wave peak in 2011 followed by a wave 4 then a failed 5th in 2012. I think it also looks like we are now at the end of a ‘b’ wave of an abc correction that is formed as a triangle. Looks like one more wave down to around $1000 to me. Would be interested to know what you think. Thanks,
Warren LeBow
Delaware

tradewindsSaturday, August 30, 2014 at 9:57 pm

Hi Warren …
Here’s another perspective you might consider. Compare the present to the 1970s gold bull … but use very broad strokes. From the latter 1960s to the second half of 1972 (Phase 1). From there to 1975 (Phase 2). A large cyclical bear correction that lasted almost 2 years before bottoming commenced (similar to what we could be experiencing now ourselves … except ours is even bigger … at last time wise). It took 3.5 years (or better) to finally take out the early 1975 Phase 2 high (which was around $200 per ounce). But from approximately the middle of 1976 to Jan 1980 was Phase 3 (from just a tad over $100 an ounce to $850 … over 8 times). Using a low this time of $1180 for this multi-year correction we’re having and figuring 8 times that = over $9000.
This assumes that the Sept 2011 high was the end of Phase 2 this time around. If we use $200 for the phase 2 1975 high then 850 is 4,25 times higher. Using 1900 as our present Phase 2 high and multiplying by 4.25 = over $8000.
Rightly or wrongly that’s kind of the rhyme I’m seeing. And I think the DOW/Gold ratio still kind of supports this as well. Also we haven’t seen the infamous bond market crash that historically happens toward the end of the K-winter (the one that Martin’s father writes about) … that’s a big deal … and it hasn’t happened so far. So I’m seeing all these big picture themes still supporting a bullish theme for Gold. The other precious metals … maybe so, maybe not. I’ve read, for instance, that silver started the 1930s at about 75 cents an ounce and ended the 1930s at about 25 cents an ounce. Anyway … history says gold moves in the winter … it doesn’t mention the other metals. Maybe this time its different … but I’ll leave that for others. Anyway … in case you’re interested in another perspective.

BillSaturday, August 30, 2014 at 5:57 pm

What do we need to push gold higher when it seems the entire world is on the verge of falling apart???

GinnySaturday, August 30, 2014 at 9:09 pm

How does the government get away with taking billions of dollars in large bank fines and using them for their liberal organizations. The money belongs to everyone and should go into the U.S. treasury. We need the money for wars in Iraq, etc.

elizabeth wesleySaturday, August 30, 2014 at 9:28 pm

Hi Larry, I appreciate your astute insights on the future. I wonder what you think of the BRIC’s plan for the dollar and when that comes to pass how it will affect the markets.
Elizabeth

DOUG LATHAMSunday, August 31, 2014 at 12:22 am

LET’S GET THIS STRAIGHT: LARRY PROVIDES GUIDANCE, NOT MIRACLES.

WHILE HIS TECHNICALS ARE ACCURATE, HE CANNOT COPE WITH INVESTOR INEXPERIENCE OR UNEXPLAINABLE WHIMSY IN NEARLY EVERY SECTOR DISCUSSED. THE MARKET IS LESS RATIONAL NOW THAN IT HAS BEEN IN 90 YEARS. GOVERNMENTS ARE MAKING A SHAMBLES OF THE MARKET ALONG WITH UNDEREDUCATED INVESTORS.

GOLD: LOOK AT THE ALL IN COST OF PRODUCTION AND DECIDE WHAT DIRECTION GOLD IS HEADED. ON THE FLIP SIDE, INDIA HAS MAINTAINED ITS TARIFF WHICH HAS SLOWED THE PRICE INCREASE. THE DOLLAR IS ALSO COMPETING WITH GOLD TO AN EXTENT. NO, GOLD WILL NOT SOAR IN THE NEXT FEW MONTHS. EVENTUALLY, IT WILL MARCH UP AND THIS IS WHY YOU ACCUMULATE PM NOW.

EQUITIES: OH, PLEASE, FOLKS……LARRY IS PREDICTING A CORRECTION AS THINGS ARE A BIT TOP HEAVY. THAT IS TOTALLY CORRECT AND NECESSARY. BUT….

DID YOU SELL THOSE FUNDAMENTALLY GOOD EQUITIES YOU BOUGHT SEVERAL YEARS AGO BASED UPON HIS PREDICTION? IF SO, SHAME ON YOU.

I HAVE SAID THIS MANY TIMES; MOST PEOPLE TRADE TOO MUCH.

EXAMPLE: WHEN THERE IS A SUBSTANTIAL CORRECTION IN THE DOW (5-10%) THE MREIT SECTOR LOSES A BIT. EVERY TIME. ALWAYS. SO DO YOU SELL PRIOR TO A CORRECTION WHEN YOU HAVE A GOOD BUY IN PRICE? DO YOU GIVE UP THE LARGE DIDVIDENDS?

INVESTING DOES NOT MEAN DAY TRADING. THERE IS NO FREE LUNCH.

WAR CYCLES AND FIAT CURRENCY PROBLEMS ARE A REALITY. GOVERNMENT INSANITY IS A REALITY.

TIMING THE MARKET IS A FOOLS ERRAND. TRENDING, AS LARRY DOES, IS NOT.

EXAMINE LARRY’S GUIDANCE WITH THE FOLLOWING IN M IND: BE EDUCATED, USE COMMON SENSE AND ABOVE ALL BE PATIENT.

LARRY’S GUIDANCE ON TRENDS HAS BEEN PRODUCED WITH A LOT OF VERY INTENSE WORK ON HIS PART. LOOK AT THE HISTORY OF HIS GUIDANCE AND TELL US AGAIN HOW WRONG HAS HE BEEN?

HeidiSunday, August 31, 2014 at 6:47 am

Doug…” and tell us ( us ? Who is us ? ) again how wrong has he been ? ” O.k., you asked for it ….here is part of Larry’s 2013 forecast :
1) He was correct with bonds CORRECT
2) A GIANT bear market in the USD …WRONG
3) Interest rates to explode this year …WRONG
4) Stock market to swoon into long awaited correction …WRONG
5) Gold will swoon first – then soar – new bull market in gold later in 2013 …WRONG
6 ) Euro in danger of slipping to $ 1.28.72 …it’s Aug. 2014 euro @ $1.31 – correct but not $ 1.28 yet
Another forecast on Sept. 2013 for the year end 2013
7 ) Oil to $ 70 …never got that low …WRONG
8) Copper to $ 2 ….WRONG
9) Bullish on the DOW but a correction to testing 12,876 ( correction stopped at 14,719
Oct. 2013 ) WRONG
10 ) SPX to fall to 1313 into year end ( the low was 1646 ) WRONG
Nobody expects a 100 % forecast but Larry’s forecasts are for the birds
Maybe you want to tell us which ones were correct ?
If you need a few more – I’m here . Oh, by the way …on Oct. 24th 2013 Larry announce ( in a conference call ) that gold will be at $ 2500 in 18 month ….that’s roughly April 2015 … Aug. 2014 gold at $ 1287 and gold will gain $ 1293 or 94 % in 8 month ?
Have you ever heard of a more ridiculous thing ?
I hope you will be back by April 2015 and ask Larry what happen to THAT forecast , o. k. ? .
Timing the market is a fools errand ? Trending as Larry does is not ? Larry is the one who comes out with his numbers and dates …otherwise what would he sell ?
Investing does not mean day trading ? Investing means both….always did .
On which planet do you live ?

HeidiTuesday, September 2, 2014 at 8:03 am

A reminder for DOUG….Larry said :

An amazing gold/ silver rally into Aug./Sept…..would you not agree that he was wrong ? Silver already hit $ 19.08 today – means Larry SOLD !!!!!

MarkTuesday, September 2, 2014 at 9:57 am

Doug – Larry sells himself as a gold silver trader in his more expensive subscription. Meaning he swing trades when in fact he can’t trade worth #hit and completely misleads people. Even a broken clock is right twice a day, and if someone makes enough calls out of both sides of his mouth eventually we maybe right. He was wrong on natural gas and now he says it building a “secondary base” – both sides of mouth talk

Just see some of my other post from this missive and others for proof.

elizabeth wesleySunday, August 31, 2014 at 9:09 am

Russia speaks:

The Vineyard of the Saker: Watershed press conference by top Novorussian officials (MUST SEE!)

And yes , Larry falls into this category because by Oct. 24th 2013 Larry said :
” GOLD will be at $ 2500 in 18 month ”
That will be April 2015
How many people will be financially affected if this does not come true ?

HeidiTuesday, September 2, 2014 at 10:44 am

EVERYBODY OUT OF THE POOL !
Larry’s sell for gold & silver have arrived !

MarkTuesday, September 2, 2014 at 11:37 am

What?! I thought he already told everyone to back up the truck.

Well if he did then that would mean to sell, cause he sure didn’t tell anyone to buy in January when it was time to make a killing on the miners.

I just don’t get it his facebook pages says “Leading gold and market forecaster”

Then there is the Gold and Silver “Trader” and the Real “Wealth” Report – wow Weiss knows how to launch a marketing campaign.

TorstenTuesday, September 2, 2014 at 10:49 am

Looks like the big rally in Sept/Aug as Larry said is underway – to the downside that is, LOL!

$1265 and counting…..

Larry when is the next big wave scheduled??

DonaldTuesday, September 2, 2014 at 1:31 pm

Larry:

Your last Monry & Markets column stated, “For silver: Same. Basing for a new bull market. Major resistance: $22.24. Major support: $19.20.”
I am not sure which market you are following, but on today’s Kitco – New York (NYMEX) and NY (GLOBEX) Silver is trading between $18.99 and $19.36 which on the low side is below your major support of $19.20. Are you referring to a market close of $19.20 = major support or an inter-day low of $19.20 = major support?
I missed your column on Monday, September 1, 2014 (Labor Day), is your column now going to be on Wednesdays?

Thanks.

Donald

Patrick yeshWednesday, September 3, 2014 at 3:11 am

the native people say not to trust the forked toungued snake. so far why would anyone invest large sums of money on advice from someone with such a poor track record. its really obvious to your followers you are just covering your butt with two sided recommendations that mean nothing.. to those who are looking to protect their family financioal investments and do so intelligently . I think we just have to forget your precious charts and cycles and remember it s a crap shoot at best right now in a world gone mad.

SohailFriday, September 5, 2014 at 10:41 am

i am frankly astonished that with all the things happening in the world that gold is only just above the bear market flag of 1259.90.

Europe is financially imploding , there is war in Europe and in the middle east. Huge amounts of money printing and currency debasement.

What will it take to get gold moving i give up!!

WarrenFriday, September 5, 2014 at 5:28 pm

Larry I have many mining stocks I own. Some are down 60%. What time frame do you predict for precious metal prices will start rising back into the next bull up leg and then start to take off.

Trader HermesThursday, September 11, 2014 at 4:17 am

Gold Closed Below $ 1259 It’s Trading At $ 1248.

If We don’t get above this Trend Line which is Broken no Daily but not on Weekly Then we going to see $ 1000 very Quickly.

Now What is your Model Telling you.

Trader HermesThursday, September 11, 2014 at 10:26 am

Gold trading @ $ 1235
Heading to $ 1000 double quick Time.

If it Gets back to $ 1260 by Friday then a bottom is in Place.
First Target $ 1400

You should Subscript to my newsletter – I’ll give you Targets and Change them all Month Long.

Janmcconnell@gmail.comThursday, September 11, 2014 at 11:14 am

Now that gold has broken the 1259 line and silver the 19.20 are we to be totally out of both. A bear market for both–or expect a bounce somewhere the Sept. month?

Scott HuntFriday, September 12, 2014 at 1:04 am

Hi Larry,
Well gold and silver have broken down under your worst case targets. What happens now?
Did the gold bull get eaten by a bear? Regards, Scott

Charles NortonFriday, September 12, 2014 at 10:47 am

Hi Larry,

Since your letter dated Aug 27 where you made the statement “gold must not close below $1259.90”, there has been no mention of gold prices in your last 2 weekly letters. What do you feel is the cause for this latest gold price drop below this important level??????